Somerset village: Homeownership Rate Trend
How Somerset village's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
62.6%
2023
59.6%
Total change
-3.0 pp
% change
-4.8%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 62.6% | — |
| 2019 | 64.0% | +1.4 pp (2.2%) |
| 2020 | 66.9% | +2.9 pp (4.5%) |
| 2021 | 61.4% | -5.5 pp (-8.2%) |
| 2022 | 58.6% | -2.8 pp (-4.6%) |
| 2023 | 59.6% | +1.0 pp (1.7%) |